Subject: Re: Selling BRK pre/post meeting?
Just sold some B shares for 538....
Selling at the 52-week (and all-time) high isn't such a terrible thing....

Valuation is still pretty exuberant compared to the last 10-20 years, so it seems like a better-than-random moment to lighten up if you had a reason to do that. We'll know a fresh book value tomorrow, typical growth would suggest maybe $309ish, so the current price of $538 is 1.74 times that.

Berkshire's stock price has obviously continued to rise in the last while. But it's interesting to note that it has actually been underperforming the average S&P 500 firm for the last ~3 weeks. It is not the #1 choice when the market is in a "risk on" mood.

Jim